Willis Towers Watson has confirmed that Dominic Casserley, president and deputy CEO, will be stepping down from his role and leaving the company on December 31, 2016.
Casserley joined Willis Group in January 2013 as CEO, a position he held for three years.
As CEO, the total return to Willis shareholders was 58 percent.
Since Willis and Towers Watson merged, he took on his current position as president and deputy-CEO.
Since January 2016, Casserley was a member of the Board, co-led the integration process and was head of one of the global business segments, Investment Risk and Reinsurance (IRR).
“I have been honoured to lead Willis for three years, and to help build Willis Towers Watson this year,” said Casserley.
“I have been delighted to work with John Haley and the expanded Willis Towers Watson team to build a unique global advisory, broking and solutions franchise across property and casualty, retirement, health care, insurance, investment and talent and rewards markets.
“I have great confidence that the leadership team will carry Willis Towers Watson forward to new heights. I would like to thank our clients, markets, all my colleagues, board members and shareholders for their enthusiastic support throughout these four years.”
CEO John Haley commented: “I would like to thank Dominic for his partnership and tireless efforts in achieving the creation of Willis Towers Watson, from our very first discussions at the beginning of 2015, through the closure of the merger in January 2016 and throughout this year driving the new company and its integration forward.
“Dominic has started us on the journey towards realizing the full potential and benefits of Willis Towers Watson for our clients, colleagues and shareholders.”
Jim McCann, chairman of Willis Towers Watson, added: “Dominic led the evolution of Willis into a global, analytical professional services organisation, and the bold expansion of the Willis franchise around the world.
“He has been crucial to the design, negotiation and success of the Willis Towers Watson merger. On behalf of both the legacy Willis board and the current Willis Towers Watson board, I want to thank Dominic for his many contributions, which will benefit the company and all its stakeholders for years to come.”
Willis Towers Watson, Dominic Casserley, London, UK